Before you buy a home, you need to know what you can afford. Here’s the first step you need to take.

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When Brian speaks with his clients, he looks at how a mortgage fits in with their long-term financial goals. 98% of buyers begin their home search online, but online calculators aren’t always accurate when finding out what you can afford, so getting pre-approved and knowing your price point is important.

There are so many variables in play when it comes to calculating a mortgage payment. Numbers can change depending on credit score, type of loan, taxes, etc. Online calculators simply don’t handle these factors, but lenders can give borrowers the whole picture.

If someone thinks they can afford a $300,000 home, then comes to us and finds out their monthly payment is outrageous, it can be difficult for them to backtrack. By speaking with a lender from the outset, you’ll know exactly what you’re getting into.

I’d like to thank Brian for speaking with us today—if you’d like to contact him, call 702-432-5626 or email Info@MortgageBoxNV.com.

If you have any real estate-related questions or need further information, feel free to reach out to me. I look forward to hearing from you soon.

Just because the Fed raises interest rates, it doesn’t mean mortgage rates will follow suit. In fact, over the past couple months, the opposite has happened.

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Mortgage rates peaked around early November, but since then, they’ve actually decreased by about 0.5%, which is huge. They’ll eventually rise again; it’s all a matter of when. In the meantime, though, there’s a lot of uncertainty in the market, which is helpful for mortgage rates. People are pulling money out of their stocks and putting it into bonds and mortgage-backed securities.

This presents a great buying opportunity right now because we don’t know how long they’re going to stay this low. On top of that, the spring market is on the horizon and home sales are starting to pick back up.

If you have any more questions for Brian about how interest rates are impacting our market, you can give him a call at (702) 432-5626 or email him at info@mortgagebox.com.

As always, if you have any more questions about real estate, don’t hesitate to reach out to me. I’d love to help you.

The new year is here and so are the latest numbers from the Las Vegas real estate market. Here’s what you need to know.

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Additionally, there were 2,600 closed home sales in December. That’s also down from 3,200 in December 2017.

The percentage of homes closed in December was right at 31%. In December 2017, that figure was almost at 70% because of our limited inventory at the time.

The more homes we have on the market, the more choices buyers will have. If demand remains flat, that’s going to make it harder to sell. In order to maximize your equity, it’s something to keep a close eye on.

If you're thinking about buying a home, now really is a great time to get out there. We’d be happy to answer any questions you have and refer you to a great lender in the area.

If you’re thinking about selling a home, we’d be happy to give you a free, no-obligation comparative market analysis on your home.

If you have any other questions or need anything else from me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.

This Thanksgiving, we’d like to extend our sincere thanks to all of you who have made our business possible.

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We wouldn’t be where we are today without all of your support. Enjoy your Thanksgiving dinner with all of your family and friends—that’s what we plan to do!

In the meantime, please don’t hesitate to reach out to us if you have any real estate questions. We would be happy to help you.

Henderson’s fifth Costco location is almost ready to open! Today I’ll bring you an update on that progress, plus a market update for the Las Vegas area.

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If you’re a buyer, this is a great time to take advantage of historically low interest rates. Also there are more choices for you, given the increase in inventory we’ve seen.

If you’re a seller, there’s still time to capitalize on our great market; we still have a healthy supply of homes compared to the national average.

For any questions you have or if you need help buying, selling, or investing in a home, please feel free to reach out to us. We’d love to help you out.

(Trivia answer: Costco’s top-selling item is Costco toilet paper. They sell 1 billion rolls per year—that’s enough to wrap around the earth 1,200 times over!)

Whether you’re a current resident or a future one, Logandale is a hidden gem with something that everyone will love.

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If you’re already a resident but you haven’t been out here, this is the gateway to the Valley of Fire, so I highly recommend you check it out.

As a final note, a word about the fall market:

Right now, the median price for single-family homes is at a post-recession high of $295,000. Similarly, the median price for condos is at a post-recession high of $170,000. If you’re a seller, now is the time to take advantage of the market. If you’re a buyer, one thing to note is that we’re at two months’ supply of inventory. We haven’t had that much since 2016.

If you have any questions about real estate or if you’d like to check out the Logandale area, please reach out to me. We’d love to have you out here.

Many of our community’s homeless and at-risk children often can’t be sure where their next meal will come from. Thankfully, the Serving Our Kids Foundation is working to change that.

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To give you a couple of examples, one local massage therapist incentivizes her clients to donate by offering discounted services to those who do, and a local Eagle Scout recently donated over 10,000 bottles of water. It just goes to show how many people in the community are pitching in to help make a difference.

Through efforts like these, the foundation is able to serve over 3,000 children across 60 schools every single week.

If you’re interested in getting involved, please visit www.servingourkids.org for more information about what the foundation does and how you can become a part of it. It only takes a couple of hours each week to make a massive difference in the lives of local children.

As always, if you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Buying in the Las Vegas area? Click here to get a Full Home Search
Selling in the Las Vegas area? Get a FREE Home Price Evaluation

On one of my latest listings, the home seller initially thought the home was worth a certain amount because of its Zestimate. After my team and I did our analysis on the property, we came up with a suggested price that was 10% to 15% higher than the Zestimate.

You could be leaving a ton of money on the table by trusting your Zestimate. If you are considering buying or selling a home, use that Zestimate as a starting point, and then call an agent like myself to find the true value of the property.

If you have any questions for me in the meantime, please feel free to give us a call or send us an email. We look forward to hearing from you soon.

Buying in the Las Vegas area? Click here to get a Full Home Search
Selling in the Las Vegas area? Get a FREE Home Price Evaluation

A normal market here in Las Vegas would have between four to five months’ worth of inventory, meaning today’s one to two months of supply is critically low.

Another significant factor driving today’s market is rising interest rates. Many buyers who previously had no plans to make a move have changed their minds and are now speaking to lenders. If you’re a buyer, this is an important step, as it will give you insight into how much you can qualify for before beginning your search.

With all of these conditions in mind, sellers should be aware of their currently advantageous position in the market. Today’s sellers are in the driver’s seat. If your home is priced right and is in good condition, it is likely that your listing could attract a bidding war. Now is truly a great time to list.

If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.

Take a bite out of crime on Las Vegas property. At the Mob Museum folks can embrace a bit of wickedness while learning all about the region’s most infamous bad boys. While crime doesn’t pay these gangsters got their money's worth while the getting was good. Exhibits are definitely eye opening.

Learn the colorful history of those gracing the “wall of infamy” in 100 Years of Made Men. In this space crimes range from bootlegging to murder. The misdeeds committed by the men and women making up the wallpaper span over a century. Learn the shameful details of their colorful past and let them serve as an example.

It’s All in the Family on Las Vegas Real Estate

Get a glimpse into life on Las Vegas property streets when mob boys were all around. The third floor of the museum is dedicated to the rise of notorious gangs and the lure of life in the “family”. From the Birth of the Mob to the Feds Fight Back the history is laid bare. Mesmerizing places to dwell on this floor are the St. Valentine’s Day Massacre Wall and the nearby Follow the Money display.

After uncovering the secrets of the mob, it may be best to go Underground. Those hiding out in the basement will feel as if they have plummeted back into controversy. A vivid timeline complete with authentic pieces of memorabilia illustrate days of prohibition. Nearby in the Speakeasy a lively picture is painted of the 1920’s jazz era and the mob’s influence there.

Special events are always marked on the calendar and feature intriguing subjects. Crime solving enthusiasts dig into  crime lab experiences. Law enforcement personnel are often acknowledged with discounts during select times. Lectures and presentations feature significant subjects to the Las Vegas real estate region and include community forums. Many guests add a spark of excitement to their visit with museum scavenger hunts and other interactive games. Learn more about the possibilities here.

The Mob Museum in Downtown Las Vegas is open daily from 9 a.m. to 9 p.m. Located at 300 Stewart Avenue. Come get to know the family.